137 Accounts of Bank of England and its wholly-owned subsidiaries
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

Bank of England

137  Accounts of Bank of England and its wholly-owned subsidiaries

(1)     The Bank of England Act 1998 is amended as follows.

(2)     In section 7 (accounts), in subsection (4), for the words from “appropriate” to the end substitute “necessary to do so having regard to the Financial Stability Objective”.

(3)     After section 7 insert—

“7A Accounts of companies wholly owned by the Bank

(1)     If the Bank considers it necessary to do so having regard to the Financial Stability Objective, the Bank may by direction to a qualifying company exclude the application

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